Fraud & Scandals

Criminal action expected for JPMorgan in Madoff case: NYT

  JPMorgan Chase & Co (JPM.N) and federal authorities are nearing settlements over the bank’s relationship with convicted Ponzi schemer Bernard Madoff, striking tentative deals that would involve about $2 billion in penalties and a rare criminal action, the New York Times reported. The settlements would fault the bank for […]

Ex-Goldman Sachs banker jailed in UK in Nigerian corruption case

* Former banker Preko jailed for 4-1/2 years * Convicted of laundering ex-governor Ibori’s money * Offences committed after Preko left Goldman Sachs   Former Goldman Sachs banker Elias Preko was sentenced to 4-1/2 years in prison by a London court on Monday for laundering $5 million on behalf of […]